Canaccord Genuity Maintains Buy on Nuvei, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Joseph Vafi maintains a Buy rating on Nuvei (NASDAQ:NVEI) but lowers the price target from $40 to $34.

April 02, 2024 | 12:17 pm
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Canaccord Genuity maintains a Buy rating on Nuvei but lowers the price target from $40 to $34.
While the Buy rating reaffirms confidence in Nuvei's long-term prospects, the reduction in the price target could signal concerns about near-term challenges or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100